Project Recovery and Turnaround

Troubled Project? Kiltoom Advisory's Expert Turnaround & Recovery for UK & Irish Construction & Infrastructure

Even the most meticulously planned construction and infrastructure projects in the UK and Ireland can encounter severe difficulties, leading to significant delays, escalating costs, and entrenched disputes. When a project veers significantly off course, prompt and expert intervention is often crucial to prevent complete failure, mitigate further losses, and salvage value for stakeholders. Ignoring warning signs can lead to disastrous financial and reputational consequences.

Kiltoom Advisory offers specialist Project Turnaround & Recovery services designed specifically for distressed construction and infrastructure projects in Ireland. We provide intensive, hands-on support, combining deep commercial and contractual expertise with pragmatic strategies to navigate crises and steer projects towards the best possible outcome.

Recognising the Signs of a Project in Distress

Early identification is key to effective turnaround. Common indicators that a project requires urgent intervention include:

• Significant and worsening delays against the baseline programme.

• Costs escalating rapidly beyond approved budgets and contingencies.

• Recurring disputes over variations, payments, or contractual interpretations.

• Breakdown in communication, trust, and collaboration between key parties.

• Poor quality or incomplete project records hampering administration and claims management.

• Major unresolved claims or the threat of formal dispute resolution (adjudication, arbitration).

• Concerns raised by lenders or investors regarding project viability.

Kiltoom's Turnaround & Recovery Approach

When engaged on a distressed project, Kiltoom Advisory implements a structured approach focused on diagnosis, strategy, and implementation support:

• Rapid Diagnosis & Assessment: We conduct an intensive, objective review to understand the root causes of the project's difficulties. This involves analysing contracts (PWC, NEC, RIAI, FIDIC, etc.), assessing current programme and cost status, reviewing claims and disputes, evaluating project controls and administration effectiveness, and identifying key risk exposures.

• Strategic Recovery Planning: Based on the diagnosis, we work with you to develop a realistic and actionable recovery plan. This isn't just about getting back on the original track (which may no longer be feasible) but defining the optimal path forward. Strategies may include renegotiating terms, restructuring delivery approaches, implementing enhanced project controls, developing robust claims strategies (pursuit or defence), and defining clear dispute resolution tactics.

• Hands-On Implementation Support: We don't just deliver a report; we actively support the implementation of the recovery plan. This can involve:

  • Leading or supporting critical commercial negotiations.

  • Managing complex claims and variations.

  • Advising on improving contract administration and project controls.

  • Providing strategic guidance through CCA 2013 adjudication, conciliation, or arbitration processes.

  • Assisting with stakeholder communications (lenders, contractors, employers).

Leveraging Kiltoom's Core Expertise

Our ability to effectively support project turnarounds stems directly from our core expertise in the Irish construction sector. We apply our in-depth knowledge of contracts, construction claims management, risk mitigation, CCA 2013 compliance, and various dispute resolution mechanisms in an intensive, focused manner to address the specific challenges of a distressed project. Led by Principal Traoloch Collins (LLB), our team combines strategic insight gained from senior industry leadership with hands-on commercial and contractual proficiency.

Conclusion: Regaining Control, Mitigating Loss

A construction or infrastructure project facing severe difficulties requires decisive action and specialist expertise. Kiltoom Advisory provides the independent, experienced, and commercially astute support needed to diagnose problems accurately, develop viable recovery strategies, and navigate the complexities of project turnaround in the UK and Ireland. While recovery is challenging, timely intervention can often mitigate significant losses and guide the project to the best achievable conclusion.

--> Is your construction or infrastructure project facing critical challenges? Contact Kiltoom Advisory today for a confidential discussion about our Project Turnaround & Recovery services.